Team Inc. (TISI: Quote) announced after the bell Thursday that it reduced its full year 2013 EPS forecast to between $1.70 and $1.85. The consensus estimate is for EPS of $2.03.
Team Inc. gapped open sharply lower Friday and fell in early trade. Shares slipped further around mid-afternoon and closed down by 9.03 at $37.45 on the highest volume of the year. The stock dropped to over a 2-month low and fell below its 50-day moving average.
by RTT Staff Writer
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